Mika
VIP Contributor
Even though Cardano has gained value slightly, two days ago ADA went as low as 36 cents. That was the lowest value of ADA in a long time, in fact, the lowest value since 2018. Now, the investors have taken a sigh of relief because the value did not go below 36 cents, instead, regained slightly. People were already questioning where is the rock bottom for ADA.
The price of Cardano moves alongside Bitcoin, when Bitcoin gains value ADA will also gain value, likewise, when Bitcoin loses value, ADA will also lose value. Since Bitcoin went below $27K, Cardano also rock-bottomed at 36 cents, when bitcoin gained slight value, Cardano also gained value.
If you are holding ADA, you should not worry about the current bearish market as Cardano has a huge potential. It is still in the development process and the project is funding its development through token sales, that’s why the price did not move up even long before this bearish run.
The price of Cardano moves alongside Bitcoin, when Bitcoin gains value ADA will also gain value, likewise, when Bitcoin loses value, ADA will also lose value. Since Bitcoin went below $27K, Cardano also rock-bottomed at 36 cents, when bitcoin gained slight value, Cardano also gained value.
If you are holding ADA, you should not worry about the current bearish market as Cardano has a huge potential. It is still in the development process and the project is funding its development through token sales, that’s why the price did not move up even long before this bearish run.